Daily Archives: October 23, 2008 @ 12:10 pm (Thursday)

ECB USD tender

[Skip to the end] Haven’t been able find the latest total on USD swap lines advances by the Fed. But at the last ECB tender they set the rate above ‘market rates’ and didn’t get a lot of takers for … Continue reading

Posted in ECB |

Re: Russia/OPEC

[Skip to the end] (email exchange) Thanks! it’s all about price setting, as previously suspected. Warren >    >   On Thu, Oct 23, 2008 at 10:09 AM, Scott wrote: >    >   Moving on, we note that Russia and OPEC held high level talks … Continue reading

Posted in Oil, Russia | Tagged , |

Re: IMF rumor

[Skip to the end] >    >   On Thu, Oct 23, 2008 at 9:51 AM, Scott wrote: >    >   And now a rumor that the IMF is putting together a $1 Trillion assistance >   package for EM >    Thanks, IMF USD lending is functionally … Continue reading

Posted in Email | Tagged , |

Canada News | Ottawa to guarantee inter-bank lending

[Skip to the end] Excellent move! Someone finally understands that the CB demanding collateral from its own regulated banks is redundant for ‘local currency’ lending to member banks. The Fed should have done this long ago and saved a year … Continue reading

Posted in Uncategorized | Tagged , |

Sarkozy

[Skip to the end] He’s not quite there. Yes, they need a ‘fiscal authority’ but he doesn’t see it’s function as providing the deficit spending necessary to sustain output and growth, though his mention of ‘currency printing’ could be stretched … Continue reading

Posted in EU | Tagged |

EU/China

[Skip to the end] ECB on inflation- while interest rate cuts are likely (and in my honest opinion, won’t help anything), what they consider low unemployment and wage gains still a factor and making headlines and have been causing some … Continue reading

Posted in China, ECB, EU | Tagged |

2008-10-23 USER

[Skip to the end] Initial Jobless Claims (Released 8:30 EST) Continuing Claims (Released 8:30 EST) Jobless Claims ALLX (Released 8:30 EST) House Price Index MoM (Released 10:00 EST) House Price Index YoY (Released 10:00 EST) House Price Index ALLX (Released … Continue reading

Posted in Daily | Tagged , |